Insomniac Hedge Fund Guy🧵 1/3 Wynn Resorts ($WYNN) INSIDER BUY
Billionaire Tilman Fertitta placed a $27.9 MILLION buy
Fertitta (10% Owner) purchased 400,000 shares at $69.68 per share on April 4th.
🔍 Our Analysis: While this $27 million purchase certainly grabs headlines, it's important to keep it in perspective. We still love Wynn, but believe it's likely dead money until later this year or even 2026 when the market starts to anticipate the building of Wynn's exclusive gambling oasis in the Middle East.
For context,
Billionaire Tilman Fertitta placed a $27.9 MILLION buy
Fertitta (10% Owner) purchased 400,000 shares at $69.68 per share on April 4th.
🔍 Our Analysis: While this $27 million purchase certainly grabs headlines, it's important to keep it in perspective. We still love Wynn, but believe it's likely dead money until later this year or even 2026 when the market starts to anticipate the building of Wynn's exclusive gambling oasis in the Middle East.
For context,
